February 21, 2024

January 18, 2024 / 04:02 PM IST

On January 18, the Sensex was down 313.90 points or 0.44 percent at 71,186.86, and the Nifty was down 109.70 points or 0.51 percent at 21,462.30. About 1823 shares advanced, 1843 shares declined, and 98 shares unchanged.

Aarti Industries | CMP Rs 612.8 | Shares of Aarti Industries went up 5.1 percent after the company signed a long-term contract worth Rs 6,000 crore with a multinational conglomerate for the supply of a niche specialty chemical.

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Oracle Financial Services | CMP Rs 6,479.6 | Shares of Oracle Financial Services rallied 27.4 percent after the company’s net profit jumped nearly 70 percent on-year to Rs 740.8 crore, and revenue from operations jumped 26 percent to Rs 1,823.6 crore.

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ICICI Prudential Life Insurance | CMP Rs 487 | ICICI Prudential Life Insurance stock fell 5.43 percent after disappointing Q3 results. The insurer’s Q3 VNB (value of new business) declined 29.5 percent YoY to Rs 436 crore.

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Cochin Shipyard | CMP Rs 867 | Shares of Cochin Shipyard gained 2.11 percent after the company opened a new dry dock and the international ship repair facility (ISRF) in Kochi.

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Balaji Amines | CMP Rs 2,400 | Shares of Balaji Amines fell 2.22 percent even after the company received BIS Certification for the product ‘Morpholine’ from the Bureau of Indian Standards. This certification will help the company regulate the quality of the product which is mandatory for the supply of Morpholine in India.

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Railtel Corporation | CMP Rs 361.5 | Shares of Railtel Corporation closed 0.37 percent lower despite the company receiving a work order from South Central Railway worth Rs 82.41 crore. The order includes comprehensive ground infrastructure works for provisions of 4G LTE-R in 523 RKM of the Secunderabad division in South Central Railway.

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Sanghi Industries | CMP Rs 120.65 | Sanghi Industries stock fell 9.69 percent, extending its downfall for a third straight session after concerns regarding their profitability after signing an agreement with Ambuja. Under a new agreement, Sanghi will sell its cement supply to Ambuja and ACC at a fixed markup of 10 percent over the production cost.

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Nazara Technologies | CMP Rs 912.5 | Shares of Nazara Tech fell 2.59 percent, reversing the gains in the early morning after the company’s board of directors approved a preferential allotment of equity shares to raise to Rs 250 crore from Nikhil Kamath of Zerodha, and other investors.

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LTI Mindtree | CMP Rs 5,602 | LTI Mindtree stock fell 10.73 percent after Q3 earnings missed estimates and weak management commentary which caused more brokerages to have a cautious outlook.

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NHPC | CMP Rs 70.7 | Shares of NHPC fell 3.15 percent after the government plans to divest a 3.5 percent stake in the PSU through Offer For Sale at a floor price of Rs 66 per share.